TARRYTOWN, N.Y., June 11, 2012 (GLOBE NEWSWIRE) -- Debt Resolve, Inc. (OTCBB:DRSVE) (the Company), a leading provider of patented automated, cloud-based online negotiating systems, announces that it has partnered with PaymentVision to provide a PCI-Level 1 Compliant Payment Gateway and hosted solution for their mutual clients. In today's world where electronic payments are the preferred method over human communication, borrowers can make payments, setup payment plans and negotiate settlements online via ACH, credit or debit card payments in a secure on-line environment.
With PaymentVision's payment hub, clients can manage multiple payment channels in one integrated system. In addition to PaymentVision's compliant environment, clients also benefit from flexible settlement options, the convenience of leveraging their own banking relationships, and branded payment channels.
Michael Cassella, Debt Resolve's Chief Executive Officer, stated, "We are very excited to partner with PaymentVision and offer our joint solution to the ARM (Account Receivables Management) market place. This partnership brings together two outstanding organizations with complementary technologies and a shared commitment to excellence. PaymentVision has extensive experience in this industry and a shared vision for growth with Debt Resolve. We are very pleased to be partnering with them as our combined solution can capitalize on what we believe are significant opportunities in today's ARM marketplace. We now offer a complete and PCI-Level 1 secure on-line solution for consumer payables in any stage."
"We are thrilled Debt Resolve has joined our family of capability partners. With many of our clients asking about debt negotiation capability, we are look forward to making this technology available to our growing roster of customers," says PaymentVision's CEO Robert Pollin. "Since this Debt Resolve solution is hosted out of our certified PCI Level-1 data center in Dulles, VA, mutual customers are now able to offer automated debt resolution through double-blind bidding, followed by ultra-secure payments delivered through PaymentVision."
The integrated solution allows users of Debt Resolve to schedule both one-time and recurring ACH, credit card and debit card payments directly from within the Debt Resolve solution. Borrowers can make payments against their outstanding balances via the web 24/7. They can also review outstanding balances and negotiate a settlement without having to speak with someone; streamlining the collection process and saving the client time and money.
PaymentVision has been serving the Collections industry for over 20 years and has an in-depth understanding of the challenges and needs of this industry.
About Debt Resolve, Inc.
Debt Resolve provides lenders, debt buyers, collection agencies, collection law firms and hospitals with a patent-protected online bidding system for the resolution and settlement of consumer debt as well as a collections and skip tracing solution that is effective at every stage of collection and recovery. The company also provides web-based payment platforms for the financial and healthcare industries. The company is publicly held and trades on the OTC Bulletin Board under the symbol DRSVE. Debt Resolve is headquartered in Tarrytown, New York. For more information, visit http://www.b2i.us/irpass.asp?BzID=1976&to=ea&s=0.
About PaymentVision
PaymentVision is a biller-direct, PCI-complaint, electronic payment gateway provider. PaymentVision offers clients the unified ability to accept ACH, check, and credit or debit card payments by phone, or through Internet channels. PaymentVision solutions handle billions of dollars for thousands of financial institutions, credit unions, collection agencies, and foreign exchange originators, as well as non-financial entities large and small. PaymentVision was founded in 1988 and is headquartered in Gaithersburg, Maryland. For more information, visit www.paymentvision.com.